Market View for Friday 20 Apr 2012

Index Levels


BSE Sensex 17503.71

Major Support 17432 – 17361 – 17200

Major Resistance 17553 – 17664


NSE Nifty 5332.40


Major Support 5320 – 5291 – 5266

Major Resistance 5342 – 5378



View

The markets traded choppy and indecisive. The markets face resistance at these levels for the last two days. Reliance announces numbers today and the day could be driven by expectations of numbers. For today watch resistance @ 17553 for the Sensex and 5342 for the Nifty. Below these levels the indices would continue to face pressure. The trade could be scrip specific more than being index specific. On the lower side supports should be watched @ 17432 – 17361 for the Sensex and 5320 – 5291 for the Nifty. Hold a scrip specific view. Happy Investing & Happy Educating! Remember – We Are Always By Your Side In Your Venture In The Stock Markets! Whenever in doubts call (020) 66 86 86 86.

Market View for Thursday 19 Apr 2012

Index Levels


BSE Sensex 17392.39

Major Support 17371 – 17200 – 17103

Major Resistance 17447 – 17522


NSE Nifty 5300.00

Major Support 5293 – 5266 – 5208

Major Resistance 5320 – 5342



View

The markets traded sideways and flat. The closing remained on the falling trend line on the extreme short term charts. With the results season going on the market players are sticking to a cautious trade. For the indices watch resistance @ 17447 – 17522 for the Sensex and 5320 – 5342 for the Nifty. On the lower side watch supports @ 17200 – 17103 for the Sensex and 5266 – 5208 for the Nifty. With major results coming up in the next two three days expect the markets to stay between these levels. Hold a scrip specific vew… Happy Investing & Happy Educating! Remember – We Are Always By Your Side In Your Venture In The Stock Markets! Whenever in doubts call (020) 66 86 86 86.

Market View for Wednesday 18 Apr 2012

Index Levels


BSE Sensex 17357.94

Major Support 17200 – 17103

Major Resistance 17381 – 17395 – 17553


NSE Nifty 5289.70

Major Support 5266 – 5208

Major Resistance 5298 – 5306 – 5338


View

The rate cut had a positive impact on the markets. The indices rallied with most of the stocks supporting the cause of the rally. the move is expected to continue till the indices hit the upper end of the current range. This resistance comes in @ 17381 for the Sensex and 5298 for the Nifty. Closing above these levels could take the markets into a new range. With the results going on the markets are expected to hit hurdles as they try to move up. On the lower side for the day supports should be watched @ 17200 for the Sensex and 5266 for the Nifty. A gap up opening could subdue the markets and should be traded watchfully. Hold a scrip specific view… Happy Investing & Happy Educating! Remember – We Are Always By Your Side In Your Venture In The Stock Markets! Whenever in doubts call (020) 66 86 86 86. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LAUNCHING SOON >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 1) MARKET VIEW ON YOUR MOBILE 2) COMMODITY TRADER – Pro (Intraday Technical Analysis Software for Commodities) 3) COMMODITY TRADER – Eod (Positional Signals on Commodities) 4) INTRADAY TA PICKS ON YOUR MOBILE 5) OPTIONS TRADER – Pro (Intraday Technical Analysis Software for trading options of NIFTY & BANK NIFTY) >OUR MISSION - 'We are committed to empower you with products which will help you to win the stock markets’<

Market View for Tuesday 17 Apr 2012

Index Levels


BSE Sensex 17150.95

Major Support 17047 – 17010 – 16920

Major Resistance 17173 – 17232 – 17398


NSE Nifty 5226.20

Major Support 5190 – 5183 – 5135

Major Resistance 5233 – 5255 – 5306



View

The markets opened flat and managed to move up with expectations of RBI reducing interest rates today. Let’s hope that the RBI does not disappoint today cause if that happens then we may witness selling in the markets. For today watch support @ 17047 for the Sensex and 5190 for the Nifty. Above these levels the markets should stay strong. Hold a scrip specific view… With RBI Policy today is an event based day. Happy Investing & Happy Educating! Remember – We Are Always By Your Side In Your Venture In The Stock Markets! Whenever in doubts call (020) 66 86 86 86. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LAUNCHING SOON >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 1) MARKET VIEW ON YOUR MOBILE 2) COMMODITY TRADER – Pro (Intraday Technical Analysis Software for Commodities) 3) COMMODITY TRADER – Eod (Positional Signals on Commodities) 4) INTRADAY TA PICKS ON YOUR MOBILE 5) OPTIONS TRADER – Pro (Intraday Technical Analysis Software for trading options of NIFTY & BANK NIFTY) >OUR MISSION - 'We are committed to empower you with products which will help you to win the stock markets’<

Market View for Monday 16 Apr 2012

Index Levels


BSE Sensex 17094.51

Major Support 17027 – 16920 – 16828

Major Resistance 17251 – 17407 – 17664


NSE Nifty 5207.45

Major Support 5185 – 5135 – 5076

Major Resistance 5244 – 5306 – 5378



View

The markets sold off after the disappointing guidance from Tech Daddy Infosys Technologies. The earnings season continues and so does the cautious mood in the markets. Today we have inflation numbers coming out and an RBI policy coming up tomorrow. With the goof ups in numbers that we have seen from the government agencies it is difficult to have faith on these numbers. Intraday charts could remain choppy for some more days. On the short term day end charts the markets continue to remain in a range and this range could prove a testing time for the overall markets. The global cues are negative but our markets could buck the trend in those markets. For this week we need to watch support @ 17027 for the Sensex with a major support @ 16920 and for the Nifty @ 5185 with a major support @ 5135 levels. On the higher side this week the markets could find resistance @ 17251 – 17407 for the Sensex and 5244 – 5306 for the Nifty. Within this range the indices would remain choppy. Hold a scrip specific view… Happy Investing & Happy Educating! Remember – We Are Always By Your Side In Your Venture In The Stock Markets! Whenever in doubts call (020) 66 86 86 86. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LAUNCHING SOON >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 1) MARKET VIEW ON YOUR MOBILE 2) COMMODITY TRADER – Pro (Intraday Technical Analysis Software for Commodities) 3) COMMODITY TRADER – Eod (Positional Signals on Commodities) 4) INTRADAY TA PICKS ON YOUR MOBILE 5) OPTIONS TRADER – Pro (Intraday Technical Analysis Software for trading options of NIFTY & BANK NIFTY) >OUR MISSION - 'We are committed to empower you with products which will help you to win the stock markets’<